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Mar 22, 2013
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have a good weekend. >> bob, you too. see you next week. reading the signs to find out if this market is about to embark on a bumpy ride. that's next. the dow transportation average just pointed the worst week of 2013. what does that mean for the rally we've been seeing all year? just ahead, a debate on the so-called dow theory. >>> and then, online shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead. >>> and later, giving new meaning to the term zombie economy. >> they see you as killers. they're training to attack. >> i'll tell you what, next time you see phillip, you tell him i'm going to take his other eye. >> the creator of "the walking dead," robert kirkman, attributes part of his show's success to the financial crisis. kirkman will join me later to explain. you're watching the "closing bell" on cnbc, first in business, worldwide. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the comma
have a good weekend. >> bob, you too. see you next week. reading the signs to find out if this market is about to embark on a bumpy ride. that's next. the dow transportation average just pointed the worst week of 2013. what does that mean for the rally we've been seeing all year? just ahead, a debate on the so-called dow theory. >>> and then, online shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead....
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Mar 18, 2013
03/13
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bob pisani at the nyse. a lot of people are saying staying the correction was not out of the question and this might be as good a catalyst as any. >> listen, i think it's outrageous what's been done and proposed here. the markets are not shows tremendous signs of fear. correction in half an hour. a lot of people coming off the lows on an intraday on the dow. once europe closed we would do nothing but head downward. off our highs. literally went positive for a second in the dow but it hasn't been that bad. this is all want very normal range for the dow today. volume is a bit on the light side, by the way. no avalanche selling going on. take a look at the btk. major european etf and you can see europe came off the lows. they weren't selling europe to go into the united states. europe was coming off the lows right from the early part of the day for them. this is that bgk. look at the sectors. while, yes, financials are weak throughout the day. down around 1%. telecom was on the upside. most of the rest of them,
bob pisani at the nyse. a lot of people are saying staying the correction was not out of the question and this might be as good a catalyst as any. >> listen, i think it's outrageous what's been done and proposed here. the markets are not shows tremendous signs of fear. correction in half an hour. a lot of people coming off the lows on an intraday on the dow. once europe closed we would do nothing but head downward. off our highs. literally went positive for a second in the dow but it...
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Mar 22, 2013
03/13
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bob corker great to see you, sir. now, folks, did the london whale trade fiasco cost jamie dimon a job? that's coming up next on kudlow. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring
bob corker great to see you, sir. now, folks, did the london whale trade fiasco cost jamie dimon a job? that's coming up next on kudlow. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed...
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Mar 18, 2013
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bob pisani joins me. comeback in the market given the statements from jim o'neal earlier in the morning that this is a biggie and could have ripple effects over europe. i'm impressed that the market came back so much. >> the important thing is, let's put up the dow again. one of the reasons that we were moving up off of our lows is that money was coming out of europe and into the u.s. stock market. i'm sure some of it did. the important thing is after the market closed, europe closed around 12:30 eastern time. we held up very well. we're just off our highs. we were for a second positive just fractionally in the dow industrials. look at the major sector, sue, slightly more defensive. so telecom and utilities and consumer staples. look at the financials, sue. they were down more than 1% as a group but now only only fractionally if you look at the big banks, citi group has significant exposure to europe. the regional banks are all just down fractionally today. the dow stocks are up, big international names.
bob pisani joins me. comeback in the market given the statements from jim o'neal earlier in the morning that this is a biggie and could have ripple effects over europe. i'm impressed that the market came back so much. >> the important thing is, let's put up the dow again. one of the reasons that we were moving up off of our lows is that money was coming out of europe and into the u.s. stock market. i'm sure some of it did. the important thing is after the market closed, europe closed...
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Mar 19, 2013
03/13
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and bob, let me kick this off with you. when you say the fed will stop sooner rather than later, what are you envisioning? >> i don't really mean stop. i think maybe they will decide that $85 billion a month is more than they need and they will phase that down somewhat. i think, though, that it goes on through 2013. one thing that mr. bernanke believes that is relevant here, is that he thinks the stats of monetary policy has to do with the level of fed assets, rather than the growth of fed assets. so if he starts tapering off and just sort of glides in, he doesn't consider that a tightening. he would consider that locking in the ease that's already prevailing. >> all right. let me just interrupt for very quickly, mr. cashen just came by. there was a rumor going around that maybe the imf would step in on cyprus with a bailout plan of their own, but that's been discounted all of a sudden. >> a lot of speculation about that. >> that's just speculation. but that's what was making the rounds and pushing the market higher all of
and bob, let me kick this off with you. when you say the fed will stop sooner rather than later, what are you envisioning? >> i don't really mean stop. i think maybe they will decide that $85 billion a month is more than they need and they will phase that down somewhat. i think, though, that it goes on through 2013. one thing that mr. bernanke believes that is relevant here, is that he thinks the stats of monetary policy has to do with the level of fed assets, rather than the growth of...
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Mar 21, 2013
03/13
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bob pisani on it, on the floor of the nyc. what's going on here, bob? >> two things, cyprus, and number two, global economic slowdown is the story today. take a look at the dow industrials. see that bottom around 2:00? we turned around when word came out that the cypriot government was creating a resolution process to wind down bad banks, and also, they're going to try to introduce a bill to protect depositors of up to 100,000 euros. that helped. global economic slowed down. transports were a major issue again today. and remember, we did see fedex week yesterday, weak again today. but others weak. like landstar and gatx. this was a big issue today. those stocks never really recovered here. multi-industry companies, here's the global slowdown. companies that work across many different platforms, many different countries were all down here today, 1, 2, or 3%. how about the home builders? a little disappointing, maria. existing home sales didn't break the psychologically important 5 million share mark. all were down today. kb home did have a very good earn
bob pisani on it, on the floor of the nyc. what's going on here, bob? >> two things, cyprus, and number two, global economic slowdown is the story today. take a look at the dow industrials. see that bottom around 2:00? we turned around when word came out that the cypriot government was creating a resolution process to wind down bad banks, and also, they're going to try to introduce a bill to protect depositors of up to 100,000 euros. that helped. global economic slowed down. transports...
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Mar 22, 2013
03/13
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>> bob, nicole, thank you so much for joining us today. still ahead on the topic of healthy, by the way, you know, actually not healthy, but delicious. the great bacon taco taste test. >> and the one airline out with a new perk for anybody who does not take a carry-on bag, but will it be enough to get people to pay the bag check fee? that story is coming up. >> time now for today's return on retirement. some wealthy workers could be in for a big shock when it comes to their return on retirement. charl charles can schwab asked its clients how much they would like to live on each year when no longer working. that magic number and why it could be an issue coming right up. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but that might be the least revolutionary thing about lyric. lyric can be worn 24/7 for up to four months, without battery changes. call 1-800-411-5534 for a risk-free trial. cookie: there's absolutely no way anyone can see it eve
>> bob, nicole, thank you so much for joining us today. still ahead on the topic of healthy, by the way, you know, actually not healthy, but delicious. the great bacon taco taste test. >> and the one airline out with a new perk for anybody who does not take a carry-on bag, but will it be enough to get people to pay the bag check fee? that story is coming up. >> time now for today's return on retirement. some wealthy workers could be in for a big shock when it comes to their...
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Mar 21, 2013
03/13
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bob mentioned oracle being a drag on techs. let's go up to the nasdaq where seema is following the big movers. >> i'll get to oracle in a second. take a look at apple. this stock continues to move in the opposite direction of the markets. i'm calling it the rebel in tech. yesterday we saw tech shares outperform, but apple did not participate in the rally. today we're seeing somewhat of a selloff in tech. and hey, take a look at apple. shares outperforming the pack, up about 1% on the day. gray wolf says i'd rather own apple than the s&p 500 at these levels. we'll continue to watch shares of apple. tech, one of the worst performing sectors on the day. oracle partly due to that. worrying investors on the street. a decline in software sales and subscriptions. jabil circuit, another loser after its forecasts were short of expectations and cisco lower on a downgrade. sue, back to you. >>> we're down 85 points now on the dow jones industrial average. perhaps some of that money is seeking the bond market. let's find out. rick santelli
bob mentioned oracle being a drag on techs. let's go up to the nasdaq where seema is following the big movers. >> i'll get to oracle in a second. take a look at apple. this stock continues to move in the opposite direction of the markets. i'm calling it the rebel in tech. yesterday we saw tech shares outperform, but apple did not participate in the rally. today we're seeing somewhat of a selloff in tech. and hey, take a look at apple. shares outperforming the pack, up about 1% on the day....
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Mar 20, 2013
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we're going to start with bob pisani. risk seems to be back on in the market a little bit. >> that's a good point. for a long time the bears have been insisting that the global economy is not as healthy as this teflon stock market in the united states would indicate, and now they've got some ammunition. two companies from fed ex and from caterpillar. now, caterpillar had dismal three-month sales numbers. really shocked a lot of people. fed ex, of course, had disappointing earnings situation, lower than expected international volume. now people are saying, see, we told you. here are who big companies who are saying it's not as big as everybody said. deere got a downgrade from wells fargo. i'll talk more about that in the 2:00. a little bit of good news on housing. keeps rolling along. lenore, 34% increase in building. >> we'll see you back in a few minutes. ty, we'll send it back up to you. >> thank you very much. bob just gave you a very clear shot at the market picture, so what's driving it? well, obviously three develop
we're going to start with bob pisani. risk seems to be back on in the market a little bit. >> that's a good point. for a long time the bears have been insisting that the global economy is not as healthy as this teflon stock market in the united states would indicate, and now they've got some ammunition. two companies from fed ex and from caterpillar. now, caterpillar had dismal three-month sales numbers. really shocked a lot of people. fed ex, of course, had disappointing earnings...
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Mar 19, 2013
03/13
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bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the governing body there, the party of the majority may not even vote on the vote itself. the euro dropped. so the dow jones industrial dropped on that news. in fact, put up the dow, you can see it's in parallel and you can take a look now at the two main etfs here. the u.s. stock market, total market, etf, you can buy that. there is ivv. they are moving in tandem here. people ask me, gee, why is this happening? i'll put it simply, right now the ecb and imf have it. if they don't pay a tax, 85.8 billion euros, they are going to stop providing assistance to the banks. they will provide assistance, n
bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the governing body there, the party of...
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Mar 18, 2013
03/13
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it's not going to go away. >> thank you, bob. thank you, anthony. >>> we'll be back with the closing countdown in a moment. >>> after the bell, exclusive interviews you won't see anywhere else. meredith whitney here talking about the banks. bullish on one of the country's biggest banks. plus, how europe's debt crisis could impact financials right here in the u.s. then cit group with chairman and ceo john thain. he'll address speculation his company is up for sale again. all ahead in the next hour of "the closing bell." you're watching "the closing bell" on cnbc, first in business worldwide. >>> >>> [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and s
it's not going to go away. >> thank you, bob. thank you, anthony. >>> we'll be back with the closing countdown in a moment. >>> after the bell, exclusive interviews you won't see anywhere else. meredith whitney here talking about the banks. bullish on one of the country's biggest banks. plus, how europe's debt crisis could impact financials right here in the u.s. then cit group with chairman and ceo john thain. he'll address speculation his company is up for sale again....
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Mar 18, 2013
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what is a mini option, bob? >> a smaller version of the regular options. >> why do you need it, >> we do because small investors want to get in on options trading. today, the they will begin trad it. now, you can trade a mini contract one tenth the size, 10 shares. they introduced a mini futures contract a while ago. that was a huge success. the main object is to make it's easier to trade options for average guys. they're doing this with five big securities, all of which have high prices, amazon, apple, google, spiddr gold trust and n. suppose you had $25,000 of apple stock, you couldn't buy a minimum contract because it required 100 shares. now, you can buy five or six to cover your ability to buy protection against apple dropping. i don't know what you think about this. i like the idea. the options business is not growing as fast as five or six years ago. they have been looking for innovative ways to keep expanding. i think an interesting idea. >> i love the concept of product innovation. everybody said there'
what is a mini option, bob? >> a smaller version of the regular options. >> why do you need it, >> we do because small investors want to get in on options trading. today, the they will begin trad it. now, you can trade a mini contract one tenth the size, 10 shares. they introduced a mini futures contract a while ago. that was a huge success. the main object is to make it's easier to trade options for average guys. they're doing this with five big securities, all of which have...
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Mar 21, 2013
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thank you very much, bob. >> smart move by america. ignore d.c. >>> overseas, anger is cyprus is growing as fast as the atm lines at the banks. nervous and frustrated citizens lining up to pull out their money. no one seems to know what the fate of cyprus and its banking system will be. all this as the ecb ramps up pressure. michelle caruso-cabrera is in the capital of nicosia. >> reporter: we're getting clarity about how they're going to resolve this crisis. there are protesters down the street. they wouldn't let them get close to parliament. they're mostly the workers at the weakest bank in this country. and it looks like increasingly the way they're going to come up with money to solve this problem is to shut down that very weak bad bank, move the good assets over to another bank. the workers that have gathered know they're going to lose their jobs if that's indeed what happens. more than 2,000 people. this has been a long process to arrive at this point. and as you mentioned, there had been all day long lines at the atms of the ban
thank you very much, bob. >> smart move by america. ignore d.c. >>> overseas, anger is cyprus is growing as fast as the atm lines at the banks. nervous and frustrated citizens lining up to pull out their money. no one seems to know what the fate of cyprus and its banking system will be. all this as the ecb ramps up pressure. michelle caruso-cabrera is in the capital of nicosia. >> reporter: we're getting clarity about how they're going to resolve this crisis. there are...
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Mar 20, 2013
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guys, back to you. >> bob, thank you very much. bob pisani at the opening. >> time for "six in 60." >> everybody loves walgreens and talk about a game changeange people can't get enough of walgreens and it can't get enough of the whole industry. so i understand it, bingo, the stock goes higher. >> anadarko, can you believe a new finding in mexico will have shares up in wells fargo and the stocks are flying. >> zynga. >> valuation. where were the people when the stock was double? >> this m.s. franchise and this stock getting stronger and stronger. >> watch celgene. >> cintas. >> it has costs and it looks like this company did well and not so well on the bottom line and people are selling it, but it's a good employment situation. >> sky works. >> when they ding apple, they ding skyworks, but the stock did not go down, i don't know what it's doing, but it ain't bad. >> general mills, i love stocks that go up over time slowly and then when they report, actually accelera accelerate. that's general mills and ken pal. we should be talking
guys, back to you. >> bob, thank you very much. bob pisani at the opening. >> time for "six in 60." >> everybody loves walgreens and talk about a game changeange people can't get enough of walgreens and it can't get enough of the whole industry. so i understand it, bingo, the stock goes higher. >> anadarko, can you believe a new finding in mexico will have shares up in wells fargo and the stocks are flying. >> zynga. >> valuation. where were the...
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Mar 25, 2013
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. >> bob, thank you so much for that. let's bring in the president of mercadian asset management. let's just move away from cyprus for two seconds. we really need some good news at this point. more than momentum. >> yes, you're right. i think, you know, dealing with the sigh brus albeit, in a poor fashion, is really just a sigh of relief. we 24i this the markets will move to a new market high. we do think in the allocation strategies we look for good valuations. we think they're there. we're bumping up against old record highs that have been in place for several years and i think it will take more than a lack of bad news. >> i certainly don't mean to be disrespectful, but ken, maybe there is a silver lining for u.s. investors in that if you missed out on this rally, the cyprus news is creating an opportunity to get in at a lower level. now that we are breaking new highs or about to break new highs, you're looking at people sitting on money saying maybe i missed last five years but i can pick up maybe where i left off. i wouldn't discount the fact. this could not -- not that we --
. >> bob, thank you so much for that. let's bring in the president of mercadian asset management. let's just move away from cyprus for two seconds. we really need some good news at this point. more than momentum. >> yes, you're right. i think, you know, dealing with the sigh brus albeit, in a poor fashion, is really just a sigh of relief. we 24i this the markets will move to a new market high. we do think in the allocation strategies we look for good valuations. we think they're...
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Mar 26, 2013
03/13
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bob pisani is here on the floor of the nyse with some of the trading action. so yesterday we were down triple digits, today up triple digits. >> with the s&p up seven points, dow up 70, you would think we would have all the market leaders, but the tone is fairly defensive. utilities moving up, consumer staples, all market leaders, the finances are really the laggard here. tech is also not as strong as the overall market. no sign of pulling out of bonds. this story is going no where are. bond etfs have had inflows four straight days, including some of the corporate bond etfs. four straight days to the upside. retail stocks have been a bit weak today, so noticeable declines. gap, chico's and american eagle, look at those declines here. i think this is related to the consumer confidence number. put up the retail etf, you can buy all of these stocks in a single etf, you see how it dropped right after 10:00. i think that is the problem. some concerns about slower traffic in march. finally gaming, atlantic city declared bankruptcy. the big competitor is borgata, own
bob pisani is here on the floor of the nyse with some of the trading action. so yesterday we were down triple digits, today up triple digits. >> with the s&p up seven points, dow up 70, you would think we would have all the market leaders, but the tone is fairly defensive. utilities moving up, consumer staples, all market leaders, the finances are really the laggard here. tech is also not as strong as the overall market. no sign of pulling out of bonds. this story is going no where...
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Mar 22, 2013
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. >> let's send it over to bob who is in the middle of this crowd for marin software, bob? and they brought everybody including their mother down here. one of the fun things about this is everyone brings their family and there are all sorts of people, wife, aunts and uncles and i'm talking to various people from different parts of the world. the bottom line is it has the cloud-based technology. right now we're looking at 1850, and somewhere around there. remember, 7 million shares and they upped that. the price talk was 11 to 13 and pricing at 14 and now we're looking at 18.50, somewhere around that. good numbers here and 4 million and $15. we have another one today. wes corp. the phone service provideir and know you were talking about a big week for ipos. we had the model and all pricing above their initial price and all doing very well. i counted 27 ipos so far this year, and i talked to the ipo financial about that. 21 of them have priced above their initial price. 21 out of 27 and those are good numbers. i guess the question is, where are the rest of them? we ought to b
. >> let's send it over to bob who is in the middle of this crowd for marin software, bob? and they brought everybody including their mother down here. one of the fun things about this is everyone brings their family and there are all sorts of people, wife, aunts and uncles and i'm talking to various people from different parts of the world. the bottom line is it has the cloud-based technology. right now we're looking at 1850, and somewhere around there. remember, 7 million shares and...
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Mar 25, 2013
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. >> let's check in with bob pisani with more on what is moving this morning. hi, bob. just three points away from the all-time closing high. 1562 is where we are. 1565 the all-time closing high. we see homebuilders's little bit higher and now that cyprus is sort of done, reducing volatility on the markets and the focus will shift to the fundamentals and what's going on. you know the bulls' argument and we have reasonable valuations and accommodative central banks and two things are worrying me and is the commentary last week and it was terrible. bell weathers like fedex, caterpillar, tibco software coming out with very poor commentary. i think that's a real worry for people. nobody's worried their overall commentary and we're expectation 10% increase in earnings for your 2013. another issue is the whole seasonality thing and i know sell a man, go away and sounds like an old wives tale. it's not, folks. there's been tremendous buy-in to this concept in the last several years as the numbers have become more supportive that on the idea that the period from november to apr
. >> let's check in with bob pisani with more on what is moving this morning. hi, bob. just three points away from the all-time closing high. 1562 is where we are. 1565 the all-time closing high. we see homebuilders's little bit higher and now that cyprus is sort of done, reducing volatility on the markets and the focus will shift to the fundamentals and what's going on. you know the bulls' argument and we have reasonable valuations and accommodative central banks and two things are...
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Mar 21, 2013
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bob, so are you? >>> andrew is in the big easy speaking to the world's biggest merger and acquisition players. andrew, we were missing you the last hour. >> i swear i thought that was a bong. and we just had the cannabis guy. >> it is the hand grenade, new orleans's most powerful drink. >> a what? >> hand grenade. >> that's orange juice, right? >> no. we filled it with orange juice. >> i just told becky -- do you remember what you were asking me yesterday? do you remember that conversation we had? >> no. what are you talking about? >> you were talking about what does the morality clause in your contract actually stipulate? >> did you really ask him that? >> we did. >> we were joking. it was a joke. i can't believe you said that on television. >> why did you need to know on your way to new orleans what it actually stipulates? >> i thought he was lying. >> i wasn't. he asked me what does a morality clause actually -- >> hold on. you're not giving the full context to this conversation. >> let's just drop
bob, so are you? >>> andrew is in the big easy speaking to the world's biggest merger and acquisition players. andrew, we were missing you the last hour. >> i swear i thought that was a bong. and we just had the cannabis guy. >> it is the hand grenade, new orleans's most powerful drink. >> a what? >> hand grenade. >> that's orange juice, right? >> no. we filled it with orange juice. >> i just told becky -- do you remember what you were asking...
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Mar 21, 2013
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back to you. >> i like that one, bob. snh, november o snh, another one that yields 6%. >>> rick santelli is at the cme group in chicago. >> i want to read something. notice the markets moved a lot in the last ten minutes. interest rates down, ebb wits down. translation -- it is all about translation. the headline seems to read, russia deputy economy minister cyprus crisis not to be fixed soon to have serious consequences. it sounds a bit clumsy. i want to put an asterisk here. the market jumped to the worst possible interpretation. but, that is what's moving the markets. now, let's see how much. look at an intraday of 10-year, boom, it moved down rather dramatically. price rallied. bunds. bunds the same way. actually a little bit quicker. you open up the chart on bunds year to date, you can put this into perspective. everybody who thinks the safe harbor fixed income can only sell off, that isn't exactly the case. whether it is the one-off with cyprus. the arch ferdinand moment in history -- >> that's the spot. i can tell
back to you. >> i like that one, bob. snh, november o snh, another one that yields 6%. >>> rick santelli is at the cme group in chicago. >> i want to read something. notice the markets moved a lot in the last ten minutes. interest rates down, ebb wits down. translation -- it is all about translation. the headline seems to read, russia deputy economy minister cyprus crisis not to be fixed soon to have serious consequences. it sounds a bit clumsy. i want to put an asterisk...
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Mar 22, 2013
03/13
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let's see what the mood of bob pisani is as we go positive for the week. >> the important thing is 14,514. believe it or not. keep on going on either side. need to be over 14,514. the worst week of the year. goes to show you how great it's been for the year that we're basically flat and this is the worst week of the year. take a look at some of the shipping stocks. i've been asked about why they are all up. shipping stocks have been destroyed in the last year, but they are all rallying, a conference here in new york today and yesterday there was a lot of talk about demand for particularly oil transports. ships might be improving, the pricing might be going up and even some of the guys who do dry bulk shipping like dry ships are on the upside. a very tough call, but they are moving on a lot of speculation right now. meantime we've got five trading days left in the quarter, and look at this. the dow is up double digits. still an indication of how strong things are, that we're considering this a very disappointing week and by and large flat. >> on a day like today. you need the analysis of t
let's see what the mood of bob pisani is as we go positive for the week. >> the important thing is 14,514. believe it or not. keep on going on either side. need to be over 14,514. the worst week of the year. goes to show you how great it's been for the year that we're basically flat and this is the worst week of the year. take a look at some of the shipping stocks. i've been asked about why they are all up. shipping stocks have been destroyed in the last year, but they are all rallying, a...
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Mar 26, 2013
03/13
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. >> bob, if you try and foirth what's happening to the global economy right now, i've heard a lot of economies, and a lot of things that talked about how things have slowed a bit around the globe. do you worry that europe pushes in one direction or another? >> earlier, i was probably more optimistic than everybody. now i'm a bit more pessimistic than anybody. i'm kwernd about the big drops. i'm not running a dshg that the job growth hasn't picked up. the data we're looking at this year is comparable to the data we saw last year. those aren't the numbers that were there. trend hasn't improved. and then you look at this stuff in cyprus and sicyprus has to b chilling. a wrote a note yesterday that said they bailed out cyprus. is italy next? people in italy have rejected austerity. the people, okay? and up until now, the europeans have played this elitist game where the people in charge, the legislators in charge, the president, the prime ministers have been able to jigger things around to do what they want without ever calling anything a change in the treaty so it never had to be voted
. >> bob, if you try and foirth what's happening to the global economy right now, i've heard a lot of economies, and a lot of things that talked about how things have slowed a bit around the globe. do you worry that europe pushes in one direction or another? >> earlier, i was probably more optimistic than everybody. now i'm a bit more pessimistic than anybody. i'm kwernd about the big drops. i'm not running a dshg that the job growth hasn't picked up. the data we're looking at this...
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Mar 19, 2013
03/13
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let's check in on bob pisani on what is moving here on the floor. >> japan is up 2% and they're just on fire. asia's mixed and europe is on the mixed side and here in the u.s. we're doing all right. airlines are roaring. banks are up. bank of america is up 1.5. the homebuilders are up. on cyprus, your guess is as good as mine. here's my guess, at the end of the day they'll go to 100,000 euros and they'll keep that deposit on 100,000 intact. yes, they're talking about 20,000 and they'll be under pressure to go all of the way up and yes, they'll get the russian oligarchs annoyed and the exploits annoyed and at end of the day they'll get close to $100,000 and that will go a long way to calm the contagion fears. the rest of europe isn't going to be that foolish. let's move on. did you see the homebuilders? the main etf for homebuilders and that's the itd in a five-year high and housing recovery chugging along and well above estimates. here's the number. year over year. single family starts are up 31% compared to february of last year. multifamilies are up 21%. permits are at their highes
let's check in on bob pisani on what is moving here on the floor. >> japan is up 2% and they're just on fire. asia's mixed and europe is on the mixed side and here in the u.s. we're doing all right. airlines are roaring. banks are up. bank of america is up 1.5. the homebuilders are up. on cyprus, your guess is as good as mine. here's my guess, at the end of the day they'll go to 100,000 euros and they'll keep that deposit on 100,000 intact. yes, they're talking about 20,000 and they'll be...
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Mar 19, 2013
03/13
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. >> bob roth, david lynch foundation, taught ray galio how to do meditation. it was amazeng. >> a different david lynch? >> actually not. >> it is amazing. i'm a total skeptic. i thought i was going to sit there and do this mantra stuff. >> how long did you meditate for? >> 20 minutes twice a day. >> did you ohm. >> i have my own mantra. >> you can just use your breath. it doesn't matter. >> corporation wants to increase productivity, want their employees to be healthy. city hall. >> here's the thing. city hall is not telling you to go and meditate. >> it's telling me not to have a 16 ounce soda. that's absurd. warren buffett -- how long has he been living on 2800 calories? if he wants to have a cherry coke, god bless him. this is insane. >> but they end up in our emergency rooms. even if you don't have single payer health care you pay for it. that's the thing. >> and the health care cost inflation is -- >> it's huge. $300 billion is what stress is costing corporate america right now. forget the touchy-feely wanting people to be healthy. start with the bottom
. >> bob roth, david lynch foundation, taught ray galio how to do meditation. it was amazeng. >> a different david lynch? >> actually not. >> it is amazing. i'm a total skeptic. i thought i was going to sit there and do this mantra stuff. >> how long did you meditate for? >> 20 minutes twice a day. >> did you ohm. >> i have my own mantra. >> you can just use your breath. it doesn't matter. >> corporation wants to increase productivity,...
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Mar 18, 2013
03/13
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. >> let's check in with bob and he's on the floor this morning with more of what's moving. >> happy monday. weir well off of our lows and now we're only down 72 and the financials are weak and energy stocks and some of the materials are down 1%. all of the gold stocks are to the upside. you know, i asked around saturday and said why did they go after the deposits so much and apparently the answer i got from people who watch this stuff was that was all there was to go after and there was not a lot else they could seize in any way easily and with all of this said, can i just take the other side of this about not protesting too much? there were plenty of one-off taxes in europe. the italians have been screaming for months about this. they had a whole new bunch of taxes on their financial assets and some of capital gains and not all on deposits and there were a lot of one-off taxes in europe reese leent and will we have some kind of bank run? there have been safety programs in the last two years put into effect and they have the bond-buying program and the ecb, able to buy cheap loans a
. >> let's check in with bob and he's on the floor this morning with more of what's moving. >> happy monday. weir well off of our lows and now we're only down 72 and the financials are weak and energy stocks and some of the materials are down 1%. all of the gold stocks are to the upside. you know, i asked around saturday and said why did they go after the deposits so much and apparently the answer i got from people who watch this stuff was that was all there was to go after and...